Financing in Eugene : Real Estate Advice

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jumbosource, Real Estate Pro in Valdosta, FL
jumbosource answered:
Is anyone doing jumbo loans with 5% down and or possibly no MI? on approx. $500,000 In Oregon?
Yes, 95% up to 1mil loan amount with 700 credit score. No MI, fix rate or ARM. Must document income, assets, etc.


Jumbo Mortgage Source
Specializing in 95% Jumbo loans
Serving ... more
0 votes Share Flag Tue May 31, 2016 Financing in Eugene
Callan Colem…, Real Estate Pro in Eugene, OR
Callan Coleman answered:
Best financing in Eugene
There are a lot of really good lenders here. I will recommend a few, but it does not take away from all of the great ones I am not mentioning here. My personal experiences has been th ... more
0 votes Share Flag Sat Jan 10, 2015 Financing in Eugene
Jordan Meyers, Real Estate Pro in Columbus, OH
Jordan Meyers answered:
All other things being equal on a mortgage (interest rate, fees, APR, and prepaids) is it better to put 5% or 10% down?
Hello,

All other things will not be considered. You usually get a lower rate when you put down a larger down payment. On top of that you will be paying more in mortgage insurance on ... more
1 vote Share Flag Fri Sep 5, 2014 Financing in Eugene
Gregorio Den…,  in San Diego, CA
Gregorio Denny answered:
HomePath program and gifted down payment.
You can use gift funds with HomePath. Before you jump ship, speak with your loan officer and her superiors. Sometimes it's just a misunderstanding.
1 vote Share Flag Tue Aug 12, 2014 Financing in Eugene
Priscilla Be…, Real Estate Pro in Salem, OR
Priscilla Beggs answered:
Anyone out there experienced in buying discount notes? I'm just new in the business and would like to buy lunch for someone willing to share.
Again, Sandor, if you are in Oregon, you had better make sure it is lawful for you to engage in this type of activity without being licensed by the Department of Consumer and Business ... more
0 votes Share Flag Tue Jan 7, 2014 Financing in Eugene
casey.lown,  in Eugene, OR
casey.lown answered:
Is there a lender out there who would do a loan for a homeowners association without a personal guarantee from any member?
I believe that you would need to look for a bank with a commercial lending dept. Wells Fargo might be a good one to consider. There are a good many commercial loans out there that don ... more
0 votes Share Flag Thu Oct 24, 2013 Financing in Eugene
casey.lown,  in Eugene, OR
casey.lown answered:
Is it possible to get a good loan on re-conditioned mobile home, 1974 24 x48 2bed--2 bath. was a 3 bed until reconstruction.
Lana and Marsha are both correct. The issue with manufactured homes that are older than June of 1978 is that there was little standardization with them. Those homes built before that ... more
1 vote Share Flag Tue Sep 17, 2013 Financing in 97402
Priscilla Be…, Real Estate Pro in Salem, OR
Priscilla Beggs answered:
Will I qualify for a mortgage if I already own two homes?
Quite possibly, depending on your liquid resources and debt-to-income ratios. The new home can be your primary residence; the bank will count 75% of your gross rents for each of the ho ... more
0 votes Share Flag Tue Mar 26, 2013 Financing in 97405
Priscilla Be…, Real Estate Pro in Salem, OR
Priscilla Beggs answered:
Can someone with a recent short sale qualify for a refinance? Any lenders out there experienced in situations like this?
Yes. Umpqua Bank will finance 18 months after a short sale if there are no other "lates" on your credit.
0 votes Share Flag Tue Mar 26, 2013 Financing in Eugene
HLR,  in Oregon
HLR answered:
Client question to me: Can you remodel a manufactured home to the point where it is no longer a manufactured home for loan purposes?
Ok, a per 1976 MH is called a Mobile home, a HUD approved June of 1976 is called a Manufactured home, and no matter how much remodeling is done, a good appraiser will find the data, at ... more
0 votes Share Flag Tue Sep 13, 2011 Financing in Eugene
Andrew Luett, Real Estate Pro in Chicago, IL
Andrew Luett answered:
If I want to purchase a fourplex and occupy one of the units myself, can I get an FHA loan on the property?
Hello Sandor,

As previously mentioned, you can purchase an owner occupied 4 unit property using FHA financing.

If you do not have a lender and would like some assistance getting p ... more
0 votes Share Flag Wed Jan 12, 2011 Financing in Eugene
Melissa Brow…, Real Estate Pro in State College, PA
Melissa Brower answered:
Should I use the lender my real estate agent recommends or find my own?
Hi Arthur,

I have found that using local lenders in a transaction is a much smoother process. Should any issues arise there can be communication with (as an example) the appraiser, ... more
0 votes Share Flag Mon Nov 15, 2010 Financing in Eugene
The Truth, Other/Just Looking in Oregon City, OR
The Truth answered:
HELLO I want to buy house in Eugene OR, I don't have a down payment and I can pay every month $2000 so how much of house I can buy? thanks.
Take into consideration this little tidbit, if Bernake raises interest rates even, 50 basis points, or a half of a percent (example from 0.0% to 0.5%), the bottom will once again drop o ... more
0 votes Share Flag Thu Sep 30, 2010 Financing in Eugene
Lori Adeniji, Other/Just Looking in Eugene, OR
Lori Adeniji answered:
Can anyone recommend a Eugene area mortgage broker with experience in Homepath loans? I'm an investor exploring this new financing opportunity.
My name is Lori Adeniji and I work for Golf Savings Bank. We offer this product inhouse. It is a fantastic option for Investors. I have listed the link to Homepath below that will a ... more
0 votes Share Flag Mon Apr 5, 2010 Financing in Eugene
Bruce Carson,  in Eugene, OR
Bruce Carson answered:
I'm a first-time home buyer. If I want to purchase a fourplex and occupy one of the units, will I be eligible for the tax credit and for how
I BELIEVE CAN CLAIM ON A FOURPLEX, BUT ONLY TO THE EXTENT OF WHAT YOU OCCUPY 1/4 OF THE PURCHASE AND REMEMBER THAT 8,000 IS THE MAX --- ITS ALSO LIMITED TO 10% OF THE PURCHASE PRICE.
... more
0 votes Share Flag Wed Dec 16, 2009 Financing in Eugene
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